NYSE
WMB

The Williams Companies

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of The Williams Companies, Inc. Buyout (NYSE: WMB)

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of The Williams Companies (“Williams” or the “Company”) (NYSE: WMB) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Energy Transfer Equity, L.P. (“ETE”) (NYSE: ETE).

Under the terms of the agreement, Energy Transfer Corp LP (“ETC”), an affiliate of ETE, will acquire Williams at an implied current price of $43.50 per Williams share.  Williams’ stockholders will have the right to elect to receive as merger consideration either ETC common shares, which would be publicly traded on the NYSE under the symbol “ETC”, and / or cash.

The investigation concerns whether Williams’ board of directors failed to adequately shop the Company and obtain the best possible value for Williams’ shareholders before entering into an agreement with ETE.  According to Yahoo! Finance, at least one analyst has issued a price target for Williams stock at $65.00 per share.

If you own the common stock of Williams Partners and purchased your shares before September 28, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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